30-year mortgage rates hit 7%, the highest in two decades. Home sales are slowing, and home prices are dropping. And while 7% is twice the rate of a year ago, compared to recent decades, it’s about average.
America has less than one month’s supply of diesel fuel, which is significantly below the average supply over the last five years. The low supply virtually guarantees that truckers and farmers will be paying high fuel prices for the foreseeable future, even while gasoline prices fall.
Fall home heating bills are in the mail and the millions of households that use heating oil will see some of the biggest sticker shock.
Influenza is spreading 10-times faster than normal for this time of year. Southern states, especially Texas and Louisiana, have the highest infection rates.
Here is one bright spot of the worker shortage. People with disabilities are finding jobs like never before, and employers are learning an important lesson: Workers who have disabilities stay in their jobs longer.
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